Philadelphia, PA 19146,2646-48 MANTON ST
Philadelphia, PA 19146,2646-48 MANTON ST
Philadelphia, PA 19146,2646-48 MANTON ST
Philadelphia, PA 19146,2646-48 MANTON ST
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$850,000

$900,000

5.6%
Est.Price: ?

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Est. payment /mo

3,086 SqFt


SOLD DATE : 07/19/2024

Key Details

Sold Price $850,000

Property Type Multi-Family

Sub Type Interior Row/Townhouse

Listing Status Sold

Purchase Type For Sale

Square Footage 3,086 sqft

Price per Sqft $275

Subdivision Grays Ferry

MLS Listing ID PAPH2331542

Sold Date 07/19/24

Style Traditional

Abv Grd Liv Area 3,086

Originating Board BRIGHT

Year Built 2020

Annual Tax Amount $326

Tax Year 2020

Lot Size 733 Sqft

Acres 0.02

Property Description

Situated in the burgeoning neighborhood that borders Graduate Hospital and Point Breeze, 2646-48 Manton St offers a fantastic investment opportunity. This triplex comprises three fully occupied residential condominium units, consisting of (2) two-bedroom units and (1) three-bedroom unit. Each unit boasts contemporary finishes, in-unit washer and dryers, central air conditioning, and generous ceiling heights. The property presents the option for a new owner to sell off individual condo units if desired.

Conveniently located within walking distance of a neighborhood shopping plaza anchored by The Fresh Grocer, as well as a diverse selection of restaurants and shops along the Grays Ferry Avenue and Washington Avenue commercial corridors, residents have access to a plethora of amenities. Easy commuting is facilitated by the nearby Schuylkill Expressway (Interstate 76), providing swift access to University City and Center City.

Furthermore, residents enjoy close proximity to Pennovation Works, the University of Pennsylvania's expansive 23-acre innovation hub. Additionally, the property includes basement storage units in 2648 (available for tenants in units #2 and #3) and a 650± SF roof deck for Unit #3. With a current monthly rental income of $6,190 and a 6.5% pro forma cap rate, this property represents an enticing investment opportunity in the heart of Grays Ferry.

Location

State PA

County Philadelphia

Area 19146 (19146)

Zoning RM1

Rooms

Basement Fully Finished, Rear Entrance

Interior

Hot Water Natural Gas

Heating Central

Cooling Central A/C

Flooring Hardwood

Equipment Stove, Refrigerator, Microwave

Fireplace N

Window Features Double Pane

Appliance Stove, Refrigerator, Microwave

Heat Source Natural Gas

Exterior

Water Access N

Roof Type Fiberglass

Accessibility None

Garage N

Building

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Architectural Style Traditional

Additional Building Above Grade, Below Grade

Structure Type Dry Wall

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 888360228

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash

Financing Conventional,Cash

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Christopher D Schepis • TCS Management, LLC
Bought with Nicole Caprario • New Age Realty Group Inc
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